The latest sales of automobiles in Pakistan have increased by the time. The economic stability, rapid improvements the security sector of the country, and lowering of rates in interest and financing have caused the high marketing of cars in Pakistan. Local automobile companies have enhanced their levels in the year 2016-17 reaching 185,781 units.
Moreover, these huge digits have broken the record of the previous years’ numbers of 181, 145 units. Not just this it has also broken the six years old record of 164,650 units that was set in the year 2008-07.
Statistics Show High Market on Sales of Locally Assembled Cars
Pakistan Automotive Manufacturers Association (PAMA), have made statistics that clearly shows, the high market on the sales of locally-assembled cars are more than 4,636 units. These sales are more than the previous financial year. However, this is showing good results in Pakistan without any improvement in Taxi scheme by the provincial government.
The rapid demands of consumers have let the high digit in sale sector. Indus Motor Company, Pak Suzuki and Honda, the main automobile manufacturers have already recruited a number new employees to meet production requirements.
Where as these appreciating results exclude imported automobiles in Pakistan. Imported vehicles have gained high demand in particular of small cars segments.
Cars of 1300 CC and Above
Four wheeler vehicles and above usually range high-end market. And the segment of these cars has driven to manage the overall sales and manage to be the first choice of Pakistan mainly Toyota Corolla. But the overall sales of these vehicles this year wasn’t able to meet the count. The reason for this was delayed delivery of cars and also the emergence of new in 2018.
On the whole, out of f 185, 781 cars manage to achieve sales at 93, 925 units. But not the worst, statistic shows 1300 CC and Above cars hold a 50% share of the total sales.
Cars of 1000 CC
These are mostly mid-sized brand vehicles. On this sector, WagonR managed to be the preferred choice. Moreover, WagonR has also managed to increase sales 46 percent higher in the recent financial year 2016-17 than previous sales.
Other than this it is also being followed by It is followed by rebranded Suzuki Cultus. This also managed to be the popular public choice.
Cars Below 1000 CC
The title for second best selling vehicle in Pakistan is crowned to Suzuki Mehran brand. As it is currently the only locally-manufactured automobile for small segments. It is a popular public choice.
However, the car that was concluded as part of the Punjab Apna Rozgar Scheme, has also gained negative growth. Thar vehicle is named as Suzuki Bolan that came to light in the financial year 2015-16.
Whereas sales of automobiles that include Van, Jeep and Light Commercial Vehicles have witnessed a slight drop in the local market. This little drop has made the overall industry sales to drop to 213,118 units. These statistics show a clear negative growth of digits for about 6% than last year.